Posted: 26 Jan 2012
Date Written: April 6, 2011
This group exercise induces students to: a) recollect and share personal experiences with cognitive biases; b) reflect on how such biases can be countered. The exercise assumes that students are familiar with mental biases, especially those that might affect strategic decisions such as anchoring, confirmatory traps, overconfidence, et cetera.
Learning Objective: To help students recognize and counter mental biases when they manifest themselves in real-life decision settings.
Suggested Citation: Suggested Citation